Gulf SWFs compete with Middle East private equity

From Zawya Dow Jones: Some of the world’s largest sovereign wealth funds and well-to-do families in the oil-rich Gulf states have emerged as fundraising competitors to private equity firms in the Middle East, but they could also help expand the market by replacing dried-up bank capital, industry executives said Sunday.
“I would say some of the sovereign wealth funds do compete with private equity in the region,” Stephen Murphy, managing director of institutional fundraising at Cairo-based Citadel Capital, told the Super Return Middle East LP summit in Abu Dhabi……………………………………….Full Article: Source